WisdomTree, Inc. (NYSE:WT) to Issue Quarterly Dividend of $0.03

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, January 30th. Shareholders of record on Wednesday, February 11th will be paid a dividend of 0.03 per share on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, February 11th.

WisdomTree has a payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 15.2%.

WisdomTree Price Performance

Shares of WisdomTree stock traded down $0.27 on Friday, reaching $16.27. The stock had a trading volume of 8,239,176 shares, compared to its average volume of 5,155,389. The business’s 50 day moving average is $12.92 and its two-hundred day moving average is $13.00. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16. WisdomTree has a 1 year low of $7.47 and a 1 year high of $17.09. The company has a market cap of $2.29 billion, a P/E ratio of 25.03 and a beta of 1.08.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $147.40 million for the quarter, compared to analysts’ expectations of $142.78 million. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. As a group, research analysts anticipate that WisdomTree will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WT shares. Oppenheimer increased their price target on shares of WisdomTree from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Monday. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group dropped their price target on shares of WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.80.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.